Challenges in Procurement Contract Management

Major Challenges Faced by Enterprises in Procurement Contract Management

Navigating Compliance

[{"selector":"#anim-21ba4999-416e-4bd4-bcef-63e899e766b5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-6.000000196601981%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ca7305d8-3efe-4c77-846d-6c52984aadc6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-89f69d7f-94be-43ac-8ead-f3147aef38a7","keyframes":{"transform":["translate3d(-92.6396%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5265d566-bc37-4fee-8d9b-08078da94511","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0500ca0a-dfe6-4236-81e8-2e8f758a726d","keyframes":{"transform":["translate3d(-110.62992%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52e0e8ff-2138-4044-bb64-e8196351764a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-12b48a65-61c4-4b45-84a9-75f743cbc524","keyframes":{"transform":["translate3d(-108.49057%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Managing Suppliers

[{"selector":"#anim-55f54609-d1a2-4eb6-b82e-7276475b1526","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d6ab355a-73a4-4ddc-a0d7-fcf324d78428","keyframes":{"transform":["translate3d(-92.6396%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e9621302-975c-4d88-bd62-7f095500a8f4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-be5cfcd1-ec03-41a4-ab0a-404c07fc6cf4","keyframes":{"transform":["translate3d(-110.62992%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-13a959ed-6a4c-47e1-b4d3-633d4b8096fe","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-71040994-cad0-42be-9daa-ab86f5b7196b","keyframes":{"transform":["translate3d(-108.49057%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ea119f4c-5dc8-402a-8753-13a582827b68 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, -0.00004854368960849342%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Mitigating Risks

[{"selector":"#anim-2c0c5f4b-104b-40c4-b55f-232b632ad868","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-861b6c6a-d951-41e1-9aab-a7630374a18e","keyframes":{"transform":["translate3d(-92.6396%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-338fd56a-bf0f-4938-81ab-8a7393be5e30","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-667b76a1-f6ce-4cf6-afff-fd17ab91aaf4","keyframes":{"transform":["translate3d(-110.62992%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-637524d6-292b-422c-bec1-98e6d5450dfa","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9c34c0bb-e0f4-461b-8dcd-cbfec9cc7ef1","keyframes":{"transform":["translate3d(-108.49057%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f0e09312-e7bb-40f3-80a3-064932d671c1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.4285714397166558%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Controlling Costs

[{"selector":"#anim-61cda7f6-d844-47b6-b9e5-538011ffa090","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-998f1331-da6d-4f70-bf99-925cbf48069b","keyframes":{"transform":["translate3d(-92.6396%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-01821b56-13f0-4adb-a6fc-390b16a4c6ba","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-56adf795-449c-4b0e-b021-7650b4c1005c","keyframes":{"transform":["translate3d(-110.62992%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1f035611-7d9d-482d-9b1e-6ef0476b8696","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9858af5a-a2cb-4334-a9aa-91d8a45ae529","keyframes":{"transform":["translate3d(-109.15255%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d27e6a20-6df4-4d1c-9312-0e3267cb0618 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(22.166666747370552%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Handling Data

[{"selector":"#anim-326779b0-3365-41b2-8baf-806fbb6bb762","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-59d885b1-2408-475b-a2de-05511f0b0bf1","keyframes":{"transform":["translate3d(-92.36843%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-82bcb47c-0ce0-4c0e-bec0-1a426af52c86","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-360b491c-9d71-4d22-ad4d-3a5095d6c9d0","keyframes":{"transform":["translate3d(-110.62992%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-430f85be-e684-424e-b7df-c71344c307e2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4205f850-45d2-4943-aef3-96a34da38c14","keyframes":{"transform":["translate3d(-108.30769%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Integrating Technology

[{"selector":"#anim-16250f4d-abeb-48a4-a873-454a7dda33f6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f2129bef-97b7-4495-8246-75fb283327b2","keyframes":{"transform":["translate3d(-92.96117%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e23b95a6-ac65-45cb-921b-80e6104df684","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f4820086-b6dc-44a7-a376-a91b1bdec15f","keyframes":{"transform":["translate3d(-110.62992%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b0b6d89a-baee-4839-9845-e7872b01c5cd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-167c3394-428b-4b3b-aedc-65b2fba4fd0f","keyframes":{"transform":["translate3d(-108.30769%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6ad44c6f-fa17-4aff-b1c1-9f939579c0e9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-7.833333361852745%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

For deep dive, read our blog post 'Procurement Contract Management: Streamline Processes Using #dltledgers’ Proteus Platform' Tap the link below.

[{"selector":"#anim-05a01921-4ecf-47a3-a3f5-b7f2d1535c33","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-285c1905-a889-45c6-a99a-99e679bc060b","keyframes":{"transform":["translate3d(0px, 530.64247%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a28d13ab-4864-40fe-b7d8-115671155250","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-af1d85db-e0a1-4fe3-9f28-902de1c013a0","keyframes":{"transform":["translate3d(0px, 237.07219%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5076e52f-1f64-4dc9-9fd6-ae7bdc103185","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7286eb31-9167-4454-bb31-3d59f51a90c3","keyframes":{"transform":["rotate(-89deg) translate3d(0px, 569.80056%, 0) rotate(89deg)","rotate(-89deg) translate3d(0px, 0px, 0) rotate(89deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Arrow Learn more

Major Challenges Faced by Enterprises in Procurement Contract Management

Navigating Compliance

Keeping up with ever-changing laws and regulations can be daunting.

Managing Suppliers

Ensuring reliable and efficient supplier relationships is crucial yet challenging.

Mitigating Risks

Identifying and mitigating risks in contracts requires meticulous attention to detail.

Controlling Costs

Balancing cost-efficiency with quality demands strategic oversight.

Handling Data

Managing and analyzing vast amounts of contract data is a complex task.

Integrating Technology

Adopting new technologies can streamline processes but comes with integration challenges.

For deep dive, read our blog post 'Procurement Contract Management: Streamline Processes Using #dltledgers’ Proteus Platform' Tap the link below.